Limited downside for wheat likely

The Hindu Businessline | February 18 2018 Among all the agricultural commodities, the most preferred crop for frequent regulatory interventions is wheat. Policymakers have tweaked wheat import duties eight times between August 2015 and November 2017. Yet another import duty hike is eagerly awaited… Source:

2018-02-19T14:26:10+00:00 February 18th, 2018|Agri Commodities|

Soybean output for 2017-18 down 24 percent

Financial Express | February 16 2018 India’s soybean output is at 83.5 lakh tonne for the harvesting season 2017-18, about 24% lower than 109 lakh tonne reported in the previous year, the latest survey by the apex industry body Soybean Processors’ Association (SOPA), estimates . The estimated exports for the oil year 2017-2018 are likely [...]

2018-02-16T12:28:04+00:00 February 16th, 2018|Agri Commodities|

Wheat buying: Target for 2018-19 set at 320 lakh tonnes

Financial Express | February 16 2018   Amid concerns over a possible drop in this year’s wheat crop, the government has fixed the procurement target at 320 lakh tonnes for 2018-19 marketing season (April-March), higher than the actual purchase of about 308 lakh tonnes in 2017-18. The target for next season, however, is 10 lakh [...]

2018-02-16T12:23:59+00:00 February 16th, 2018|Agri Commodities|

Gur prices end quiet on poor demand

Business-Standard | February 15 2018   The wholesale gur (jaggery) market settled quiet in the national capital today following sporadic buying amid sufficient stocks.Muzaffarnagar and Muradnagar gur markets also showed similar trend on little activity.Marketmen said arrivals and offtake almost matched so prices had not shown any fluctuations, settled same on last levels.Following are today's rates (in Rs per [...]

2018-02-16T12:27:06+00:00 February 15th, 2018|Agri Commodities|

Asia Rice: Slow demand weighs on top exporters; Bangladesh scraps Thai deal

Reuters | February 15 2018 Rice prices in India and Thailand fell this week, pressured by sluggish overseas demand, while Bangladesh scrapped a plan to import Thai rice, citing delays in finalising a deal. n India, prices for 5 percent broken parboiled rice fell by $12 to $420-$424 a tonne, having touched their highest since September [...]

2018-02-16T12:22:57+00:00 February 15th, 2018|Agri Commodities|

Edibles and non-edibles weaken on reduced demand

Business-Standard | February 15 2018 Groundnut oil and refined palmolein weakened further at the Vashi oils and oilseeds wholesale market here today following reduced demand from stockist and retailers.Elsewhere, castorseeds bold and castor oil commercial also dropped due to poor offtake from soaps and shippers industries... Source:

2018-02-16T12:21:34+00:00 February 15th, 2018|Agri Commodities|

State eyes record paddy yield

Telegraph India | February 15 2018 Jharkhand is all set to record bumper paddy production this year, giving succour to the state grappling with allegations of hunger deaths and farmer suicides. Agri scientists and agriculture department officials on Wednesday said going by crop coverage and post-harvest scenario, Jharkhand would clock anywhere between 54 and 56 [...]

2018-02-16T12:15:35+00:00 February 15th, 2018|Agri Commodities|

Jaitley’s cost price-based MSP formula to cost Rs 115 bn for 4 crops: SBI

Business-standard.| February 15 2018 Amid the debate on whether procurement of grains under price deficiency scheme with the newly announced formula of 1.5 times over the A2+FL cost will balloon public expenditure, a report by State Bank of India (SBI) presents a contrarian view.The report prepared by its Chief Group Economic Advisor Soumya Kanti Ghosh shows that combined cost [...]

2018-02-16T12:13:14+00:00 February 15th, 2018|Agri Commodities|

After pink bollworm attack, Maharashtra to promote short duration varieties of cotton

Financial Express | February 15 2018 The Maharashtra government has decided to promote short duration varieties of Bt cotton from the next cotton year following the severe pink bollworm attack on the crop this season. According to Maharashtra agriculture commissioner Sachindra Pratap Singh, the state government has decided to stop renewal of licences for the [...]

2018-02-16T12:11:57+00:00 February 15th, 2018|Agri Commodities|